#None #Finland #Data Center #Skanska

Skanska's New Data Center Project in Finland

In a significant development for the technology infrastructure landscape in the Nordic region, Skanska, the renowned construction and development company, has successfully signed a contract worth EUR 95 million (approximately SEK 1.1 billion) to construct a state-of-the-art data center in Finland. This initiative is part of Skanska's broad strategy to expand its footprint in the growing data center market.

Project Overview

The contract was awarded by a major technology firm, although the client's name is currently under wraps. Construction is set to begin in the fall of 2025, with Skanska expecting to complete the project by the same season the following year, in 2026. The project includes comprehensive core and shell construction work—essential aspects critical to ensuring the data center's efficiency and future scalability.

This investment reflects not only Skanska's commitment to infrastructure development but also highlights the rising demand for data storage and processing facilities. As businesses increasingly rely on digital solutions, the need for robust data centers is becoming more pronounced.

Market Context

The data center sector has witnessed exponential growth, driven by the increasing dependence on cloud computing, big data analytics, and other technology services. Finland, known for its favorable climate and stable energy supply, has become a prime location for data center establishments. Its cool temperatures help in naturally cooling data server rooms, thereby reducing energy costs significantly for operators. This project aligns perfectly with current market trends, capitalizing on Finland's strategic advantages.

Impact on Skanska

This new venture will contribute positively to Skanska's order bookings in the Nordic region. The firm has been actively pursuing growth opportunities in various sectors, including commercial, residential, and infrastructure projects. The data center initiative is anticipated to enhance Skanska’s portfolio within the technology construction arena, positioning the company favorably for future contracts in this lucrative market.

Looking Ahead

The construction of the data center is expected to create numerous job opportunities during its development phase, contributing to the local economy. Moreover, once operational, it will facilitate a significant technological uplift in the region. Skanska is dedicated to adhering to high-quality standards and sustainability practices during the construction phase to ensure minimal environmental impact.

Contact Information

For further inquiries regarding this project, the public relations team at Skanska is available:

• - Cristina Rinnetie-Uski, VP Marketing and Communications, Skanska Finland – tel. +358 40 501 9816
• - Andreas Joons, Press Officer, Skanska Group – tel. +46 (0)10 449 04 94

This initiative by Skanska is more than just a construction project; it's a step towards embracing the digital future while supporting economic growth in Finland.